At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
financial worries can afflict any Tennessee consumer. If you have had an unexpected medical crisis, you could be left with significant debt. You might wonder if you can file for bankruptcy to alleviate your medical bills. Can you discharge medical debt in bankruptcy?...
If you are struggling to pay your bills, it may make sense to file for Chapter 13 bankruptcy. Each month, you make payments to your creditors per the terms of a repayment plan that is submitted to a Tennessee judge as part of the bankruptcy petition process. Let's...
Tennessee consumers may file bankruptcy if they see no way to pay their debts. Many consumers choose Chapter 7, which requires selling assets. However, they must pass a means test to qualify. How the means test works Congress made the means test part of the Bankruptcy...
If you're in debt, you may get calls from third-party collection agencies. However, not all of these companies are honest, whether they are located in Arkansas or elsewhere. You should know the possible signs of a debt collection scam. Signs of a possible scam A debt...
Memphis consumers whose financial situation becomes dire might think about filing for bankruptcy. Federal bankruptcy statutes allow Tennessee debtors to put at least a temporary halt to collection activities. Unfortunately, many would-be filers prescribe to false...
Refinancing your home in Tennessee after you have gone through bankruptcy is possible. You may have to meet certain conditions to apply for a refinance, depending on the lender. Eligibility for refinancing The type of loan you have influences how long after the...
Declaring bankruptcy for student loans in Tennessee is very difficult as the bar for declaring bankruptcy for these loans has been very high. However, some senators have been asking the Education and Justice department for reform. What borrowers must show the court To...
If you lost your last Tennessee home to foreclosure, it can be significantly harder to get a mortgage. Getting a home loan can also be difficult if you have a bankruptcy on your credit report. Fortunately, it may still be possible to get a home loan even if you have...
A common kind of bankruptcy that some consumers file in Arkansas to remove debt is Chapter 13. However, data shows that two out of three Chapter 13 cases fail for many reasons. How Chapter 13 works Chapter 13 bankruptcy helps the consumer pay back secured debts, such...
Do you have a lot of medical debt in Tennessee? If so, you may be interested in a new national initiative by the three major credit reporting agencies. If the move is successful, it may wipe up to 70% of debt off of consumer credit reports. This is a major...